Ciena bids $521M for Nortel’s Metro Ethernet assets
Ciena Signs Agreements to Purchase Optical and Carrier Ethernet Assets of Nortel’s Metro Ethernet Networks Business
Proposed combination is unique opportunity to accelerate Ciena’s strategy by bringing together complementary, leading switching and transport technologies
Linthicum, MD — 10/07/2009
Ciena® Corporation (NASDAQ: CIEN), the network specialist, today announced that it has entered into agreements with Nortel to purchase substantially all of the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks (MEN) business for $390 million in cash and 10 million shares of Ciena common stock. The product and technology assets to be acquired include Nortel’s long-haul optical transport portfolio; metro optical Ethernet switching and transport solutions; Ethernet transport, aggregation and switching technology; multiservice SONET/SDH product families; and network management software products. more







